Asian markets end higher, JSX slips 4%<\/p>\n
HONG KONG (AP): Most Asian stock markets closed higher Monday
\non the back of last week's surge on Wall Street as fears eased
\nabout another rise in U.S. interest rates.<\/p>\n
Bucking the trend was the Jakarta Stock Exchange, where the
\nkey index slumped more than 4 percent because of mounting
\nviolence in East Timor.<\/p>\n
In Hong Kong, the blue chip Hang Index rose 206.85 points, or
\n1.6 percent, closing at 13,385.16. On Friday, the index had lost
\n189.25 points, or 1.4 percent.<\/p>\n
Brokers said the Hong Kong market was boosted by the strong
\nperformance on Wall Street, where the Dow Jones industrial
\naverage surged 235.24 points to close at 11,078.45, a rise of 2.2
\npercent.<\/p>\n
The Nasdaq rose 108.34 to 2,842.58, surpassing the previous
\nhigh for a one-day point gain, 103.16, set on June 16.<\/p>\n
U.S. Stocks surged after the Labor Department reported that
\nemployers added 124,000 jobs to their payrolls in August, fewer
\nthan most economists had expected. The figures eased about rising
\ninflation.<\/p>\n
The Japanese benchmark 225-issue Nikkei Stock Average rose
\n126.52 points, or 0.72 percent, to end the day's trade at
\n17,756.51. On Friday, the average closed down 1.26 points, or
\n0.01 percent.<\/p>\n
Traders in Tokyo said investors were also awaiting the release
\nof Japan's April-June gross domestic product data on Friday.<\/p>\n
\"If there's a serious shrinkage in GDP, Japan's second
\nsupplementary budget will expand,\" and that will help stocks,
\nsaid Tsuyosi Nomaguchi, a strategist at Daiwa Securities. He
\nadded he doesn't expect the data to be very bad.<\/p>\n
In currency trading, the U.S. dollar was quoted at 109.62 yen
\nlate Monday, down 0.12 yen from late Friday in Tokyo and below
\nits late New York level of 110.05 yen on Friday.<\/p>\n
South Korean shares closed sharply higher on the back of Wall
\nStreet's gains. The main Korea Composite Stock Price Index rose
\n32.60 points, or 3.6 percent, to 943.22.<\/p>\n
In Taipei, share prices closed higher, boosted by the rise in
\ntechnology stocks. The market's key Weighted Stock Price Index
\nrose 65.17 points, or 0.8 percent, to 8,130.28.<\/p>\n
In Wellington, New Zealand share prices closed higher in line
\nwith regional markets. The benchmark NZSE-40 Capital Index rose
\n11.56 points, or 0.5 percent, to 2,150.32.<\/p>\n
In Manila, Philippine shares closed higher on a sharply lower-
\nthan-expected local inflation rate for August and on Wall
\nStreet's strong gains over the weekend. The 30-company Philippine
\nStock Exchange Index rose 13.38 points, or 0.6 percent, to
\n2,168.47.<\/p>\n
In Sydney, Australian share prices closed higher across most
\nsectors on Friday's strong gains in the United States and some
\nrenewed buying after the market had succumbed to profit-taking
\nfor most of last week. The All Ordinaries Index closed at 2990.1,
\nup 27.7 points, or 0.9 percent.<\/p>\n
In Singapore, share prices closed mixed. The benchmark Straits
\nTimes Index rose 6.6 points, or 0.3 percent, to 2,099.78.<\/p>\n
In Kuala Lumpur, Malaysian share prices closed higher on
\nbargain-hunting. The Composite Index, which tracks 100 blue-chip
\nstocks, rose 7.46 percent, or 1.0 percent, to 752.78.<\/p>\n
In Bangkok, Thai stock prices closed lower. The Stock Exchange
\nof Thailand index fell 7.04 points, or 1.63 percent, to 424.08.<\/p>",
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